Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

UK VAT rate to return to 17.5% in Jan

Comments

  • #2
    penexpers
    Closed Accounts Posts: 4,038 ✭✭✭penexpers


    No surprise. Been on the cards for months.


  • #3
    Beasty
    Administrators, Social & Fun Moderators, Sports Moderators Posts: 78,393 Admin ✭✭✭✭✭Beasty


    penexpers wrote: »
    No surprise. Been on the cards for months.
    It's actually been on the cards since the drop was introduced last year - it was always stated that the rate would return to 17.5% from 1 January 2010 - the only real question was whether they would take the opportunity to push it up higher (to, say, 18%)


  • #4
    kona
    Registered Users, Registered Users 2 Posts: 7,525 ✭✭✭kona


    meh, Im broke anyways wont be buying shiney parts for awhile


  • #5
    Beasty
    Administrators, Social & Fun Moderators, Sports Moderators Posts: 78,393 Admin ✭✭✭✭✭Beasty


    Irish rate dropping 0.5% to 21% from 1 January


  • #6
    el tel
    Registered Users, Registered Users 2 Posts: 2,991 ✭✭✭el tel


    The UK VAT rate is also liable to increase further to 20% in the second half of 2010.

    Back in the real world of buying bikes and bits, the decrease to 15%amounted to **** all squared in the grand scheme of things so going back up won't matter a jot.


  • Advertisement
  • #7
    Beasty
    Administrators, Social & Fun Moderators, Sports Moderators Posts: 78,393 Admin ✭✭✭✭✭Beasty


    el tel wrote: »
    The UK VAT rate is also liable to increase further to 20% in the second half of 2010.

    Definitely not going up to 20% - "no further changes currently planned" - Darling:D


  • #8
    seamus
    Registered Users, Registered Users 2 Posts: 68,317 ✭✭✭✭seamus


    Wiggle Irish prices @ 21% now though might be the same or cheaper than CRC prices @ 17.5%


  • #9
    Ryaner
    Registered Users, Registered Users 2 Posts: 1,714 ✭✭✭Ryaner


    Beasty wrote: »
    It's actually been on the cards since the drop was introduced last year - it was always stated that the rate would return to 17.5% from 1 January 2010 - the only real question was whether they would take the opportunity to push it up higher (to, say, 18%)

    There was always the possibility that they'd extend it out somewhat and keep it at the 15% to try keep exports up.
    Beasty wrote: »
    Irish rate dropping 0.5% to 21% from 1 January

    That'll not be passed on by just about everyone except online retailers who have a non-euro base currency.


  • #10
    blorg
    Registered Users, Registered Users 2 Posts: 15,995 ✭✭✭✭blorg


    seamus wrote: »
    Wiggle Irish prices @ 21% now though might be the same or cheaper than CRC prices @ 17.5%
    No, even with the same VAT rate Wiggle is almost always more expensive. (There are exceptions, generally special offers.)


  • #11
    Beasty
    Administrators, Social & Fun Moderators, Sports Moderators Posts: 78,393 Admin ✭✭✭✭✭Beasty


    Ryaner wrote: »
    There was always the possibility that they'd extend it out somewhat and keep it at the 15% to try keep exports up.
    It has no impact on exports (the amount of cross-border sales by the likes of CRC at the UK rate is a drop in the ocean when compared with the total UK VAT take (which is many tens of £billions per annum)

    It was stated at the outset that the rate would return to 17.5% on 1 January 2010, and there was never any realistic chance of the rate staying at 15% - the UK Budget deficit this year is £175bn or so, and they could never afford to keep the VAT rate low - in fact, the so-called stimulus it was supposed to create never really materialised)


  • Advertisement
Advertisement